Best Buy recently announced a CEO transition, and now the retailer reports its CFO, Matt Bilunas, is leaving the company.
Bilunas will depart at the end of July, and Best Buy said t has engaged an external search firm to help it find a new CFO.
Current CEO Corie Barry, who previously served as CFO, will provide financial oversight during the transitional period as needed, the company noted. In April, Best Buy revealed it had selected Jason Bonfig, the company’s chief customer, product and fulfillment officer, to replace Barry as CEO beginning October 31.
Bilunas has served as Best Buy CFO for the past seven years after joining the company in July 2006 as a territory finance director.
“We wouldn’t be where we are today, or have such confidence in the future ahead of us, without (Bilunas),” Bonfig said. “He helped build Best Buy in invaluable ways, and I’m genuinely grateful for everything he has contributed and everything I’ve learned from him over the years.”
Barry added, “The past seven years have been exciting, challenging, unpredictable and meaningful, and I truly believe we wouldn’t have navigated them as well as we did if it weren’t for (Bilunas). His impact on this company will last for years to come, not only because of his financial leadership, but because of the way he has developed talent and helped shape our strategy. His impact on me personally will last a lifetime.”
